But this latest news about our favorite bloggers has us snapping up our own custom URL and quitting our day jobs (or, okay, just thinking about it): The fashion blogging industry has become a multi-million dollar business.

WWD has the scoop, and it is big: Top bloggers are making anywhere from $1 million to $3 million per year. With a rate of up to $25,000 per Instagram, you'd only have to post about 40 times to hit your first million — in other words, less than once a week. And here we are 'gramming our avocado toast for free!

Of course, not every fashion blogger is making those figures, but the top influencers — think Aimee Song of Song of Style, Chriselle Lim of The Chriselle Factor, and Shea Marie of Peace Love Shea — are using their huge follower counts to rake in big paychecks through exclusive contracts. And they're earning every dollar: according to the study, Rachel Parcell of Pink Peonies brought Nordstrom's website $1 million during the 2014 holiday season.

If you're now considering launching your own blog to get in on this money, there's good news: It's a business that's only growing. All you have to do is gather up around 500,000 Instagram followers — better get started now!